|
� �
<br /> INDIVICfUAL _ .
<br /> • L?UE ON SALE
<br />: ���' OPTIONAL FU'I'URE ADVANCES
<br /> SAVLlVGS FUN:D
<br /> F� FORM nuo.�zo
<br /> u� Loan Nurnber---35436__-_T�$$_ _a n�_
<br /> 78-., UO2�93 MORTGAGE
<br /> THT$MQRTGACE, made and executed this .... ''�� .,_..... day�of � -'� ...... A17.,
<br /> .._...- --....s� -�-�---.,.
<br /> 19'_..��..,between the M;ortRagor, ...LGennath.D... .Gearge._.and-.Ianice._L....George�..husbazad and-wife,
<br /> ---�a:tn.t7:Y...aud__ea.ch._3n..the�:r...ow�a..=ight................_--•�---�---------� --•---•�----- __-�-•--•----�-�-----.._ .........---•-----••-
<br /> of' ....._��C:and..�.s,J.an.d---..., C'ounty of -----.---...Ha11.............State nf._Nehxaek..a....._., hereinafter referred
<br /> to as Lhe Bormwer, an�] the Mortga�!ee, FIRST FEDERAL SAVINGS AND LOA;�I ASS'OGIATTUN OF
<br /> LITVCALN, 1235 "1�T" SEreeC, Lineoln, Nebraska �SU1, its sucee�ssors and assigns, hereinafter referre�i to
<br /> as Lender.
<br /> �SrITNES5E1'H: T,F1Eik�:ISE sai�i k�3orrower Eor and in consideraticrn of the sum of_.'�HIR'�__E:I.GHT_..THQU5AND � �
<br /> ETGHT HUNDFiED AND NO/100-_----.-_----__-�----____....---.�.Dol:ars I�;S$...3�,�0.O,.Q�1. ... .............) ' .
<br /> paid by said Lender, daes hereby mort�aga, grant and cc�nve_y to Lencler, its Sutcessars and assigns; the
<br /> following;desc.ribed pruperty locaCed in the County*of ...__..�al� ........................ StALe of Nebraskac '
<br /> Lo� Five (5�, Blaels �ao (2), 3:mper�_al Vi1],a�3e Subdivision, City of GranGi: Tslr,nd
<br /> Ha11 Caunty, Neb�aska.
<br /> TocEr�r;s with all the irr�provements now or hereefter erected on the property, and ali easements,
<br /> rights, appurtenances, rents, royalCies, mineral, oil and gas rights and profits, water, water rig.hts, and
<br /> water stock, and�11 fistures nnw or hereafter attached to the properiy, all of which, including replace-
<br /> ments and additions thereto, shall be dee.med to be and remain a part of the prapetty covered by this
<br /> Mortgage; xnd a11 of the £oregoing, together with said propertv (or the leasehold rstate in the e�ent thic
<br /> MorCgage is on a leasehold) are herein referred to as tihe "Ptoperty".
<br /> Borrower covenants that Borrower is lawfully seised of the estate hereby conveyed and has the right
<br /> to mortgage,grant and convey the Property, that the Property is unencumbered, and that Borrower will
<br /> warrant and defend generally the title to the�'roperty against all claims and demands, subject to any
<br /> easements and zestrictions listed in a schedule of exceptions to coverage in any title insurance policy in-
<br /> suring Lender's interest in the Property,or (2) attorney's opinion of title from abstract of title certiSed
<br /> by bonded abstracten
<br /> PHOVIDED ALWAYS� and these presents are executed and delivered upon the following conditions,agree- �
<br /> ments and obligations of the Borrower, to-wit: -
<br /> The Borrower agrees to pay to the Lender,or order the principal sum of.TH.�RxY...�ZSakiT..TI3�Z.LSAAID.
<br /> FIGHT_HUNDRED__AND„N0,(100-.---------.------------------}�ollars (US $....3$ S.OQ.OD..........__...---_)
<br /> -------�---. .s.
<br /> payable as provided in a note executed and delivered,concurrently herewith,the finai payment of principal,
<br /> if not sooner paid,on the--.----1.st--•-.--_.--.. day of..................M�Y.---......--_........, 39c....2D07
<br /> UN[FORM COVENANT3. BOI'IOWCI&IICI I.OIIfIBT COVCriBIit and agree as follows: � . ��
<br /> 1. Payment of Pziacipal and Interest. Borrower shall pmmptly pay when due the principal of und in-
<br /> terest on the indebtedness evidenced by the Note, prepayment and late charges as provided in the Note,
<br /> and the principal of and interest on any Future Advances secured by this Mortgage.
<br /> 2. Funds for Taxes and Iasur�ce. Subject to Lender's option under paragraphs 4 and 5 hereof, Bor-
<br /> rower shall pay to Lender on the day monthly installments of principal and interest are payable under the ' '
<br /> Note, until the Note is paid in full,a sum (herein "Funds") equal to one-twelfth of the yearly taxes and
<br /> assessments which may attain priority over this Mortgage, and ground rents on the Property, if any plus
<br /> one-twelfth of yearly premium installments for hazard ineurance, plus one-twelfth of yearly premium in-
<br /> stallments for mortgage insurance, if any, all as reasonably estimated initialiv and from time to time by
<br /> Lender on the basis of assessments and billa and reasonable estimates thereof, Lender shall apply the Funds
<br /> to pay said taxes,assessments,insurance premiums and ground rents. Lender shall make no charge for so
<br /> holding and applying the Funds or verifying and compiling said assessrnents and bilis. The Lender shall ,
<br /> give to the Borrower,without charge,an annual accounting of the Funds showing credits and debits to the
<br /> Funds and the purpose for which each debit to the Funds was made. The Funds are pledged as additional 1
<br /> security for the sums secured by this Mortgage. The Borrower agrees that the Funds may be held by the
<br /> Lender and commingled with other funds and the Lender's own funds and the Lender may pay such items _
<br /> from its own funds and the Lender shall not be liable for interest or dividends on such Funds. "�
<br /> If the amount of the Funds held by Lender,together with the future monthly installments of Funds '��
<br /> payable prior to the due dates of taxes,assessments, insuxance premiums and ground rents, shall exceed
<br /> the amount requiied to pay sa.id taaes;aesessments,insurance premiums and ground rents as they fall due, ,�`
<br /> si�ch excess shall be, at Bortower's option,either promptly repaid to Borrower or credited to Borrower on , � :�,
<br /> monthly instsllments of Funds. If the amount of the Funds held by Lender shall not be suf&cient to pay .-
<br /> taaes, asaeasments, insurance premiums and ground rents as they fall due, Borrower shall pay to Lender . -' ,i,�
<br /> any amount necessary to make up the deficiency within thirty days after notice from Lender to Borrower
<br /> requesting payment thereof, or Borrower ahall, by an increase in monthly installments of Funds required,
<br /> repay the deficiency within the Fund accounting period.
<br /> Upon payment in fvll of all sums secured by this Mortgage,Lendcr shull upply Funds held as a credit
<br /> against all aums due_ �
<br /> �
<br />
|